Your choice of taking professional help for investing in mutual funds has widened with online financial marketplace, Paisabazaar.com on Sunday launching a mutual funds platform.
The new platform will provide access to real time information and advice to consumers. Paisabazaar.com has tied up with most of the leading fund houses and plans to further strengthen the investment product portfolio by launching fixed deposits in the coming weeks, according to a press release.
Through its mutual funds platform, Paisabazaar.com aims to capitalise on individual investors who seek savings of up to Rs 25 Lakhs and expand the distribution reach into non-metro & tier-3 towns.
The platform comes close on the heels of Paisabazaar.com strengthening its portfolio by venturing into car loans and savings product earlier this year. The company hopes to become a one-stop destination for lending and investment products.
The new mutual fund platform will offer paperless process for customers who are already KYC verified. They have to register, open their account and start investing. For customers who don’t have their KYC verified, the platform also offers Aadhar based e-KYC process, a completely online process keeping in mind consumers’ convenience.
“Our platform aims to simplify the process of investing in mutual fund by minimising paperwork and documentation procedures, thereby promoting mutual funds investment among investors,” Naveen Kuckreja, CEO& Co-founder, Paisabazaar.com said.